HJRES 55 · Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
Referred to the House Committee on Financial Services.
- Introduced
- Feb 12, 2025
- Latest action
- Feb 12, 2025
- Sponsor
- Rep. Andrew S. Clyde [R-GA-9]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 1
Summary
This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled Anti-Money Laundering Regulations for Residential Real Estate Transfers and published on August 29, 2024. This rule requires persons involved in real estate closings and settlements to report to FinCEN any non-financed (i.e., cash) transfers of residential property to certain legal entities and trusts.
Recent actions
- Feb 12, 2025 Referred to the House Committee on Financial Services.
- Feb 12, 2025 Introduced in House
- Feb 12, 2025 Introduced in House
Votes
No recorded votes are available for this bill.